Do I Need a Trust and a Will?

Posted on Sep 25, 2014 10:46am PDT

Life can be unpredictable. Having your estate plan in place can give you
the peace of mind of knowing that you have provided for those you love. It is important to plan for the future. Wills and trusts are often needed
to accomplish the goals of estate planning.

At Coffman & Campbell, LLC, we can assist you with all aspects of estate
planning. Our knowledgeable estate planning attorneys can give you a better
understanding of wills and trusts and the roles they play in your plan
for the future.

The Importance of Wills & Trusts in Estate Planning

Your Last Will and Testament is a very important document. It contains
your clearly stated wishes for the distribution of your assets. It can
also create trusts and establish guardianship for minor children. Different
types of wills exist, and you will need to determine the best type for
you, depending on your assets and your circumstances. When a person dies
without a will, he or she has died "intestate," and the assets
of the estate will be distributed according to the inheritance laws of
the state.

Trusts can be used to distribute assets over time or when an adult child
reaches a certain age. They can hold assets for minor children, provide
funds for future education, and serve a number of other purposes. One
distinct advantage of a trust is that it can be used to avoid the probate
process, so that assets will pass to your beneficiaries without approval
of the probate court upon your death. Our experienced estate planning
lawyers can help you make a will and trust well suited to your plan.

Contact Us for dedicated and knowledgeable legal assistance with your estate planning.

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.